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a deal. we may still get hit with an automatic tax hike. how much will that cost you? in time for the new year, a new snowstorm headed to the northeast. we'll let you know how bad this will get. and the yore in review, up with of the most unique and appalling takes on the year in review. good morning to you all. welcome to weekends with alex witt. no alex today. taking a much deserved weekend off. i'm t.j. holmes, good to be with you. new this morning, president obama outlining his course of action if we all go off the cliff. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up-or-down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job and lays the ground work for more economic growth and deficit reduction. >> the president is optimistic that a deal can be reached midnight on new year's eve. listen to senate minority leader mitch mcconnell. >> we had a good meeting down at the white house. engaged in discussions in the hopes we can come forward as early as sunday
, a lot happens. all the bush tax cuts expire, the payroll tax cuts expire. doctors participating in medicare, see their reimbursements cut by more than 25%. good luck getting a doctor then. more than a trillion dollars in spending cuts are triggered. the economy probably falls back into recession, and merry christmas and happy new year from washington to you, the american people. heard about the offers and the counteroffers president obama and house speaker john boehner put on the table. if you live in the game area, you're going to be reading about the cliff whether you like it or not. we at starbucks have an opportunity and i believe a responsibility to use our company's scale for good, by sending a respectful and optimistic message to our officials to come together and reach important ground. this week, through december 28th, partners at our washington, d.c., area stores are writing come together on customer's cups. i am hugely in favor of this new starbucks initiative. not because i think writing come together on coffee cups will bring anybody in washington together, i have a
the middle class from tax hikes on the first of the year. >> we've heard plenty of people calling for new gun control laws, but very little from the national rifle association until now. in a bizarre news conference that was interrupted twice by protesters, the head of the nra. it's the same line we've heard before from the nra, but has the country's relationship with guns fundamentally changed since newtown? and what we saw last night from house republicans is yet another symptom of the real problem for the gop. they don't believe in compromise. and they've lurched too far to the right. we begin with where things stand on the fiscal cliff, msnbc political analyst and msnbc contributor jared bernstein. jentle men, president obama tonight said he had spoken with speaker boehner in addition to senate majority leader harry reed. >> i just spoke to speaker boehner and i also met with senator reed. in the next few days, i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for two million americans and lays the
to washington. congress is also coming back tomorrow. there's less than one week left to avert the tax hikes and automatic cuts that go in to effect january the 1st. it looks like any deal will be a lot smaller than everyone want. >> realistically, i personally i don't think we'll get the big plan in the next six days. be great if we could . >> but this morning, bernie sanders said the blame is with the republicans. >> there's really a great deal of concern that the republican party failed to do anything. that it seems that in the house now boehner has no control over his extreme right wing faction. >>> want to bring in david nakamara and meredith shiner. david, i'll start with you. you know, the president coming back for appearance sake as some might say or, you know, when we look at what he can do tomorrow what might he have in the works here? >> richard, i think to get a look at that, look at friday scaling down the proposal. he said i want a big deal ultimately but before the new year we don't have time and probably going to work with senate -- the senate to sort of come up with a possib
and starting next week, you and i could see our paychecks cut as payroll taxes go up and that could be just the beginning. the clock at the bottom right of your screen there might as well have a blaringa, large on it because come midnight monday if lawmakers have not found the fiscal cliff solution you're going to hear a whole heck of a lot of noise. let's get straight to washington. nbc's kristen welker at the white house and luke russert is tracking developments at capitol hill and nbc news senior political editor mark murray is here to break it down for us from the washington bureau. we will start with kristen. last we heard, kristen welker, the president came out to report that he is modestly optimistic. has the rhetoric changed at all today? >> reporter: it has changed a little bit. the president is still modestly optimistic, but i just spoke with a democratic source who tells me at this hour a deal is looking doubtful. of course, we want to underscore the fact that these negotiations are very fluid so that characterization could change at any moment, but it seems as though the discuss
it to the conversation of exactly where these tax cuts could take place if they happened after january 1st. the republicans want to vote to lower taxes. okay? see them go right to left as it were. the democrats want to see them go down and the republicans it appears increasingly clear are not going to vote to change the figure below the $1 million mark that boehner didn't get past the caucus unless they say to their people at home, they voted to lower taxes on all americans. >> peter, that was extraordinary. >> reporter: i tried. >> one of the best on this show. thank you! >> we have also got mike viqueira. mike? a lot of people and myself included believe that the payroll tax cut is the most damaging part of this for the middle class. if we do not extend it $125 billion comes out of the economy this year. so, you know, when's the latest on the payroll tax cut? any chance it's extended as part of a deal? >> reporter: great question. i cannot compete with peter's metaphor. it's a full court heave as the buzzer is sounding. that's the odds for a deal before monday night new year's eve. the p
-down deal that would spare the middle class from tax hikes on the first of the year. the president met with harry reid and spoke with john boehner. is a grand bargain still possible when everyone is leaving town? >> a week from the shooting massacre that left 20 children and six educators dead, we have heard plenty of people calling for new gun control laws but very little from the national rifle association until now. in a bizarre news conference, the head of the nchl ra said the solution of gun violence in this country is simple, more guns. armed officers in every school. it is the same line we have heard before from the nra. has the country's relationship with guns fundamentally changed since newtown. what we saw last night from house republicans is yet another symptom of a real problem for the gop. they don't believe in compromise. they have lurnlged too far to the right. president obama tapped kerry to be the next secretary of state. let me finish with the great new movie about getting bin laden and how one person can make a huge difference. we begin with where things stand on the
and said he was modestly optimistic about a deal on taxes. meeting this the red room, president obama held firm for tax cuts for families making up to $250,000 per year, and joining me on the north lawn of the white house is kristen welker. kristen, let's listen to what the president said about and up or down vote or what he expects from the senate. >> i had a good and constructive discussion here with the leadership about this tax hike on the middle-class. i am optimistic that we can reach an agreement that will be passed in both houses. if an agreement is not reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor and up or down vote for the floor, and i believe a p proposal could pass both houses with majorities as long as the leaders allow it to actually come to a vote. if members of the house or the senate want to vote no, they can. but we should let everybody vote. >> kristen, this up or down vote seems to be be the big news of the day, and isn't this what the white house wanted all along? >> well, it is. it is prp's way of sayi
. house gop puts middle class americans in jeopardy while clinging to tax cuts for the wealthy. no 48 notice on house votes. the potus on his way to d.c. to address fiscal cliff for the middle class with six days left to act. gop still mia. joining me now from hawaii, kristin welker. was the president expected? >> we did expect that given there was no deal on the fiscal cliff that he would have to return early from his hawaiian vacation. he will be flying out late or this evening. the first lady and the first daughters continuing his hawaiian vacation. he will find himself in a similar situation. the negotiations are largely deadlocked. just to give you a sense of how we got to where we are, if you go back to last week, it seemed like the house and speaker were getting close to getting a big deal that would have included tax reform and deficit reduction. that fell apart. house speaker john boehner tried to get his own bill through the house. he realized he didn't have enough votes for that. that fell apart as well. the ball is in the senate's court. according to an aide, senate majori
are optimistic about a mini deal which, of course, will raise taxes on those above $400,000. expand the amt, cut some spending. what are you hearing? >> reporter: well, hearing a lot of different things right now. one of the items and ruled by rumor and then denials and frustrations, toure. we know that we saw senators mcconnell and reid arriving a short time ago. we didn't pelosi and boehner arrive yet but the vice president joe biden got here a short time ago, as well. there's other reporting from the hill right now about the potential that the president is going to return to what was basically his original outlined plan. perhaps a smaller plan but a plan where the threshold would be set closer to $250,000 as he initially had before the $400,000 offer that john boehner the white house would contend walked away from when he proposed his $1 million threshold in this situation right now. that and a priority that the president outlined a week ago on friday before leaving to join the family in hawaii saying he wanted to extend unemployment benefits for a lot of americans. 2 million plus beginning t
, the only thing is he'll be proposing to his caucus a tax cut. everybody changes on january 3rd. you're no longer talking about some people getting a tax increase. harry reid and john boehner for instance said -- the speaker saying the senate should take it up. harry reid is speaking on the floor. let's take a listen. >> because americans' taxes are approaching the wrong direction come the first of this year, americans will have less income than they have today. if we go over the cliff, the house of representatives, as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they'll give them 48 hours notice. i can't imagine their consciences where they are around the country and we're here trying to get something done. they are not in washington, d.c. the house of representatives are not here. they couldn't even get the leadership together yesterday. they had to do it with a teleconference. republican leadership. if we go over the cliff, we'll be left with the knowledge that could have been about a single vote. mr. speaker,
. fiscal faceoff or new year's resolution. also one tax that will go up. marilyn monroe closely watched by the fbi. director's feud over "django unchained" and a chance for 100 lucky people to star in the super bowl halftime show alongside beyonce'. details on those stories throughout the hour. >>> but up first, right now senate leaders scrambling to find common ground to avoid going over that fiscal cliff. got less than three days to go now, folks. at the same time in his weekly address today, the president says he's preparing a plan of action if no deal is reached. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up or down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays the ground work for future progress on more economic growth and deficit reduction. >> republicans say they want a deal as well, but they highlighted their biggest sticking points today in their weekly address. listen now to missouri senator roy blount. >> senate democrats have sp
that would spare the middle class on tax hikes from the first of the year. he spoke with john boehner tonight but is grand bargain still possible when everybody is leaving town. then in the weeks since the shooting massacre in a town that left hand 20 children and six educators dead, we've been hearing for plenty calling for new gun control laws but little from the nra until now. in a bizarre meeting, the head of the nra said the solution to gun vie lerchs in this country is simple. more guns. armed officers, in fact, in every school. it's the same line we've heard from nra, but has the country's relationship with guns fundamentally changed since newtown? and what we saw is yet another symptom of a real problem for the gop. they don't believe in compromise and they've lurched too far to the right. >>> plus replacing hillary clinton, john kerry gets the job he's waited for his whole life. president obama tapped john kerry as the next secretary of state. >>> and let me finish with the new movie about getting bin laden and how one person can make a huge difference. >>> we begin with the fiscal c
are working with the white house. plus, what it all means for your paycheck as higher payroll taxes are only days away unless congress acts. one step forward, two steps back. president obama and republican lawmakers have been dancing that waltz for six weeks now, but the music stops when the countdown clock at the bottom of your screen runs out. so where do fiscal cliff talks stand at this critical hour? nbc's kristen welker is on the north lawn and luke russert are both following developments this saturday afternoon. kristen, i'll start with you. any indication at this particular point as to what's happening behind closed doors this afternoon? >> reporter: well, i think most of the action is going on in the hill where staffers with majority leader reid and minority leader mcconnell are trying to conjure up some last-minute deal and this plan would not be the grand bargain that john boehner started initially working on. that plan would have dealt with tax reform and deficit reduction and this will be a much more scaled back version that will deal with the issue of taxes and that is still the
leader mitch mcconnell talking about doing something to keep more than trillion dollars in tax increases and cuts from taking effect next week. also joining that party today, america's happy warrior. vice president joe biden will be there. while some appear ready to compromise others are still ducking, dodging, trying to dump the blame elsewhere. >> we all have our ideas and in the senate, you're right. we probably another 40, 50, 60 of saying that we're ready to both raise revenues and control entitlements. when's the missing ingredient? it is presidential leadership. >> i think in the end we'll get a deal. the question is the timing. >> am hopeful there will be a deal that avoids the worst parts of the fiscal cliff, namely taxes going up on middle class people. >> it's pretty apparent that we are not going to do what we've been called to do. this is 112th congress. we have had two years to deal with quote the fiscal cliff. >> let's bring in our man at the white house, peter alexander standing by. pete, we just got word the president it appears is making some sort of smaller offer at th
to a deal. the white house had agreed to cut their tax ask by about 400 billion, to increase their spending cuts by another 400 billion and only ask for about half as much stimulus. they moved toward boehner by more than a trillion dollars. that was a lot of concessions from the team that had just won the election big. and they made them because they thought boehner was ready to say yes, the fiscal cliff would be averted, we'd have a good christmas and happy economic fun times for the economy would be right around the corner. they were wrong. >> we are nowhere when it comes to the fiscal cliff talks. let me tell you what's going to happen today. speaker john boehner, the republican speaker, is going to try to pass what he calls his plan b, which would just simply address tax rates for those making a million dollars or more and that's it. >> john boehner walked away from the obama administration's third offer. a giant, giant compromise. so he didn't like it when they led. he didn't like the 2340eshing. he decided instead to chart his own course called plan b. plan b was supposed to show pres
stage. the issues confronting small business owners. tax care, health care, hiring were the sources of two dpee baits between the two parties. the national federal of independent businesses' optimism was down 5.6 points to 87.5 points in november, the lowest since 2010. so what are small business owners concerned about for the coming year? three familiar faces to "your business" join us now. william. christy is the president and ceo of the national association of self-enemployed and with us is jo john. great to see you. we convinced john to come to new york this time. okay, john. i'm going to start with you since you made the trip to new york. we saw small business optimism index from nfib, bill's group has dropped what have you seen? >> we're seeing somewhat different. we did a poll. we did it with christy's organization. we now see unemployment at the lowest level it's been in four years and we're in no means out of the woods but there is glimmers of hope that seven of ten of the small businesses that we polled and this is a scientific across the country, not just our membership.
's no deal, let's look at what happens to tax rates in just seven days and these stats are from the tax policy center. the annual income from somebody in the $50,000 to $75,000, about a $2,400 increase. jumping ahead to $100,000 to $200,000, the average tax increase, $6,600. tacking at that great divide of the wealthy, over $250,000, at least a $11,000 tax hike. over $1 million, more than $254,000. >> hampton, looking at that number, that's for those americans working right now. there are still struggling americans, millions looking for work and what's the fiscal cliff mean for them? >> reporter: okay. we have unemployment at 7.7% last month and mainly went down because people gave up looking for work and jdropped out of th job market and out of work six months or longer. 4.8 million americans, they're the folks worried the most about unemployment benefits not extended after the first of the year. >> as we look at that number, that's staggering for so many. we have a "the washington post" poll that indicates 74% of americans support raising taxes on the top earners in this country. with
families the payroll tax cut that started two years ago is worth around 1000 as year. those families tend to spend that cash because they need it now. republicans say this is one tax cut they hate and the last time it was going to expire, the white house launched a whole campaign about $40 a paycheck. they asked families to send in their stories about what $40 meant to them. well, you know something? $40 a still a lot of cash for the families hit hardest by the great recession. for the wealthy people sitting around the negotiating table in d.c., $40 is just another steak dinner for one. but for many people who voted them into office, it's the cost of groceries for a week of family dinners. let's not forget, they are the ones who still need an economic stimulus, not the families earning more than $250,000 a year. joining me today on a newsy day, "the huffington post" sam stein and the national reviews robert costa. sam, i want to start with you. you have been reporting this out all day, and we know that congressional leaders are with the president this afternoon. they haven't made comments
john boehner seem so close to getting a deal done. they were really close on taxes and entitlement reform. we saw that last week house speaker john boehner couldn't get his plan b through the house. aides tell me right now president obama does not feel as though he has to compromise much more. he believes he has the leverage because he won reelection. >> on taxes i know it is hard for the republicans but the president ran on that platform. 250. no taxes for people below but taxes above. he won. 60% of the voters said they were for it in the exit polls including some republicans. >> reporter: there is also a lot of skepticism among lawmakers. senator joe lieberman said he thinks the country is closer than ever to going over the cliff. the last time interestingly that lawmakers worked between the christmas holiday and new year's was in 1996. that is, of course, when they were dealing with the government shut down. politics will be put aside this morning. the president, a lot of members of congress will be attending that memorial service for the late senator. >> kristen welker in hawa
that he wanted to extend the bush era tax cuts for those making less than $250,000 and focusing on the unemployment insurance for more than 2 million americans who are already receiving letters within the next days. as early as tomorrow, luke, they will stop getting those checks if nothing changes. it will be the last check they will get if nothing changes going forward. recognize the five who will be here in this private meeting will be meeting for the first time since before thanksgiving. so while the president said a week ago he was open to several steps to get a comprehensive package done, he said could it happen all at once, over the course of several steps at this point the most optimistic perspective coming from here is that they can make those small steps to get through the new year and have to relitigate this again in the beginning of the new year. >> wouldn't that be fun for all involved. kelly o., on the hill, tapped into boehner. they have been saying all along that it is up for the senate to act and the president to act and the house has done its will, washed their
of the senate. then he is asking republicans to vote for a tax increase for no reason. he wants assurances it would go down to the house floor and be gone for a vote. if that were to happen, you would see it passed out of the house with the democrats and as few as 30 or 40 republicans. john boehner stood by this rule that he wants the majority of majority. boehner and president obama have not spoken over the last few days. there seems to be no communication there. for all intents and purposes, there is a 50-50 sign. a lost folks say more likely than not we go over the slif because they cannot afford it. >> if we go over the cliff, there several million americans who that will impact in terms of people unemployment benefits. maybe they have benefits wrapped up in the market. is there an appropriate sense of urgencey and the amount of pain this will cause in some people's lives. >> to be honest with you and i put my american hat on right now and take off my journalist one, i am perplexed by the lack of urgency from our elected leaders on both sides. this is not a problem that has come up ran
on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president here. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. i just have to repeat. you know,
? there was a lot of talk of small ball. a bill to allow taxes to go up on everybody or at least couples that make more than $250,000 a year. $200,000 with single filers. harry reid said he is not going to prepare a bill unless mitch mcconnell allows it to come for a vote for a simple majority. they are seeking assurances that he won't try to block it. for his part he said it's up to the president to lead. unclear if anything is going to happen today. it's becoming more and more likely we will hit january 1st without a resolution. >> peter, obviously the president gets back a little bit from now. what are we hearing about their strategy? we have that very effective bully pulpit? >> it's a good question. the president is supposed to arrive a couple hours from now. 72 degrees for honolulu. better hope he brings sunshine back with him. the real challenge is when he gets here, there is barely 100 hours before the headline hits. he said a short time ago describing their strategy and it remains not too dissimilar. it's not whether we can get a deal done or not. whether mcconnell will filibuster such a d
that would raise taxes, would they allow it to -- and the answer to that is probably not. democrats have alleged for week now what john bain ser doing is waiting until the gavel is safely in his hands for the next congress. that happens on january 3rd, when they formally elect a speaker. that's one theory, but probably the thing that make the most sense is the fact that then it becomes a vote to cut taxes for 98% of americans, instead of allowing them to rise for 1% or 2%. that is something logically the republicans would probably or more likely go along with, though at this point who knows where we'll end up with on this thing. january 3rd is the new congress. in the days after that, that's the inertia it scenario. >> gentlemen, thanks so that. i appreciate it. >>> we want to bring in today's panel s perry bacon, democratic strategy margie omero, and chip saltzmann. i want to talk about with what steve la tourette had to say today being interviewed on cnn. >> this isn't a one party or a one house problem. this is leaders of both parties and all branches of the government not willing to
discussion here at the white house about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> it comes after speaker boehner left the white house. he didn't say anything to reporters and neither did anyone else who was seen leaving the meeting. here's what we do know. in just four days, taxes will go up on millions. and millions more will have their vital unemployment benefits run out. that's why president obama organized the meeting with vice president biden, speaker boehner, nancy pelosi and senators reid and mcconnell. he urged them to extend jobless benefits. we can deal with cuts to defense and domestic programs later. but let's take care of the middle and working class right now. give them assurance right now. joining me is congressman chief ellison. he's co-chair of the progressive caucus and melissa harris perry, host of the melissa harris perry show here on msnbc. thank you both for coming on the show. >> thank you,
hook tragedy. >>> a massive tax hike and spending cuts -- republicans and democrats continue to point fingers in opposite directions, hinting that talks could go into the new year. >> are we going over the cliff? >> i believe we are, and i think the president is eager to go over the cliff for political purposes. he senses a victory at the bottom of the cliff. >> we only have nine days left here. when are we going to get serious about actual solutions? i would welcome john to tell me. he says he wants a solution. give us one, john. >> meanwhile, president obama is spending christmas in hawaii where he and the first lady attended the holiday memorial service for the late u.s. senator from daniel inouye. >> white house correspondent kristen welker. kristen, obviously they always say the white house travels with the president wherever he is. that's where the white house is. the president, though, is enjoying vacation, but still continuing to keep tabs on the fiscal cliff negotiations, correct? >> he is. white house officials describe this as a working vacation. i think there have been may
. john boehner couldn't pass with house republicans the idea of raising taxes only on those making more than a million dollars. the president has insisted throughout that $250,000 had been his limit. it's bumped up to $400,000. but even when they were within just a couple hundred billion dollars, which seems like a lot to you and me but it is not a lot in the language of washington, then they went opposite directions an enwhere the political particular sis stands at this moment. >> all right. peter and alexander, thank you good sir. joining me now karen bass of california. congresswoman, good to see you and nice to see you there from the capitol. you are still in california because house members, again, haven't been called back and given the 48-hour notice to my knowledge. have you? >> exactly. i have flights scheduled every day waiting for that notice to come. i think it is a shame. i think the house should be back in business in d.c. right now. the senate's in session. there's no reason for us to be at home. >> i want play another one of senator reid's comments leveled at speaker boeh
. >> he's going to get tax rate hikes. >> are we going over the cliff? >> i believe we are. >> be republican and be conservative and pass a bill that cuts tax. >> boehner has no control over his extreme right wing faction. >> should anybody's taxes be raised at this point? answer yes or no. >> no. no. ♪ >> we begin as president obama and the senate head back to washington set for one last effort to avert the first fiscal cliff. aloha means good-bye for the president as he packs bound for the white house tonight. the president cutting short his vacation leaving michelle and the girls behind as he gets back to work to try to prevent tax increases and spending cuts due to begin next week. there's just one problem. it appears there would be no house republicans to help hammer out a deal. the gop leadership has not yet called their members back to d.c. and will not be in session tomorrow for legislative business. according to one gop aide, they felt it's up to the democrats to act now. so the christmas spirit has not softened actions. but what has softened? customer confidence
their taxes go up. the news comes after a conference call that mr. boehner held with gop house members, telling them to return to washington this sunday. but just because they're coming back doesn't mean they're looking to play nice. today, senator harry reid blasted the speaker for refusing to even vote on a democratic plan that would protect 98% of americans. >> everyone knows that if they had brought up the house -- i'm sorry, the senate-passed bill that would give relief to everyone making less than $250,000 a year, it would pass overwhelmingly. it's being operated with a dictatorship of the speaker. >> a dictatorship of the speaker. and here's house speaker boehner office responded. senator reid should talk less and legislate more. legislate more? what legislation has speaker boehner been working on while on vacation? while we're about to go over the cliff, the gop has been pointing fingers at the president. one gop aide says talks have failed because "the president made a strategic miscalculation and overreached. he picked a fight." picked a fight? sorry, that's not going to fly.
reid to do this, put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. but let's not miss this deadline. that's the bare minimum that we should be able to get done. >> majority leader reid is ready to follow through on an up or down vote. reid said in a statement -- "at president obama's request, i am readying a bill for a vote by monday that will prevent a tax hike on middle class families, making up to $250,000, and that will include the additional critical provisions outlined by president obama." president obama pointed out the danger of inaction. >> the economy is growing, but sustaining that trend is going to require elected officials to do their jobs. the housing market is recovering, but that could be impacted if folks are seeing smaller paychecks. the unemployment rate is the lowest it's been since 2008. but already, you're seeing businesses and cons
brought before the house, keeping the middle-class tax cuts, but not those for the upper income, and making sure the alternative minimum tax did not go into effect -- i think it would pass with a coalition. and i think the same could be true of unemployment insurance. 2 million people will lose their federal benefits tomorrow, if we don't have. 2 million people. >> when we snowe the fiscal cliff was imposed as a stopgap on you and all of your colleagues on the hill, are you disappointed that you've had to see it come down to the wire like this? this is basically a self-designed fiscal nightmare that you and all of your colleagues have created. are you disappointed that we haven't been ability to get it together more? >> absolutely. it shouldn't happen this way, but the republican conference showed last week how divided they are. >> there are republicans who don't want to vote for any tax increase. that's timied actions here. in the senate, i heard senator mcconnell that the november election -- that isn't true. the president was out there clearly saying there should be a continu
brink and taxes going up for all americans. so far, there's been no call for the house to get back to the hill. senators return to the capitol tomorrow. the question remains krks the president join congress and surf the rough political waters to get a deal in time? >> i think he's doing all he can and calving hell at the same time and there's give, give. i think it's very, very difficult, particularly after boehner's plan "b" failed. >> the key issue i think and the american people are catching on is that the problem that we have is we have a right wing political figure in the house way, way, way out of touch of what the american people are thinking. >>> there's early economic sinls that the uncertainty over the cliff may have clayed the role of scrooge this holiday season. early holiday numbers point to the worst year to year growth since 2008. >>> i think the president is steward of this economy needs to try to reach the big compromise with speaker boehner and the two men came very close. >> all right. let's check in and say good morning to nbc news correspondent mike vi cara now
the american people out of the line of fire in terms of taxes. >> it's being operated with a dictatorship of the speaker. >> i have never known john boehner not to have a plan. >> it seems pretty dark right now. >> it looks like there's no way there's going to be any deal done. >> so i say to the speaker, take the escape hatch we've left you. >> we're not going to get anything done that doesn't involve some measure of compromise. >> it's not 100% sure that's going to work any longer, and now that we know how fanatical the fanatics are. >> it's like blah, blah, blah. >>> a very busy day here in washington and we want to take you right to the senate floor where senator mitch mcconnell is actually speaking about the fiscal cliff. let's take a listen. >> we'll see what the president has to propose. members on both sides of the aisle will review it, and then we'll decide how best to proceed. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly preventable economic crisis. mr. president, i yield the floor. >> the majority leader. >> i'm not
against all of that and stayed true to the purity of the tea party dogma, no taxes, no deals, no compromises, no nothing, period. this is the wall the tea party have raised up, the wall beyond which people who captured. what they campaigned against was spending money on government, that is what taxes are. got it? and that's hardball for now, thanks for being with us "the ed show" with ed schultz starts right now. >>> good evening, americans, welcome to the ed show. i'm michael eric dyson in for ed schultz. the president cuts his vacation short to come back to washington, d.c., meanwhile, house republicans are literally phoning it in, this is the ed show, and as ed would say, let's get to work. >> this is something within our capacity to solve. it doesn't take that much work, we just have to do the right thing. >> six days away from the fiscal cliff and there are real consequences to millions of americans if no deal is cut. congressman elijah cummings and ryan grim of the huffington post are here with the latest. a tea party giant stages a coupe with his own office. the detail
. if $6.7 billion had to be raised from new taxes, then, of course, grover norquist would use all of his powers to oppose those taxes. grover norquist, who is, of course, a member of the board of the national rifle association. so the ceo of the nra took to a microphone in washington today to suggest a solution to the massacres of children in our schools and the solution is something he and his friends would not be willing to pay for. and he and his friends would attack any politician who attempted to pay for it. he reached for a variety of ways to make his point. >> we care about our money. so we protect our banks with armed guards. >> i don't know about you, but i cannot remember the last time i was in a bank that had an armed guard. all banks had them when i was a kid. and the armed guards couldn't stop bank robberies then. what stopped bank robberies in america was not armed guards. it was video cameras and automatic locking saves that cannot be opened no matter how much you scare a teller with a gun. i'm not just talking about small town banks that i go into. new york city banks do
. the stakes are clear, the payroll taxes, income taxes, you name it. they put it all together. and if they blow it, who's going to get hurt the most? >> well, i think the republicans right now are hammering themselves in the foot over and over and over again. at some point they may figure out how to stop doing that. but in the short-term doesn't look like that's happening. i think the low expectations right now are only helpful to them if they can get a deal done. it's not clear that can happen. they may even fall short of these low expectations they've had for two years now essentially both sides the white house and the congress advocating their way of getting it done. >> the barrel they're riding in them, the dysfunction around them. >> house republicans have walked away. i was there at the house conference meeting when he says we're not having a vote on plan "b." we're in this horrible standpoint right now. asking harry reid to ask and president obama to act. >> harry reid's his lifeline. let me ask you this. everybody watches politics. this isn't cnbc here, it's politics.
would vote for revenues including tax rate hikes, even though i don't like them, to stave country from becoming greece. >> today, despite the president being in hawaii, the fiscal cliff is still on the agenda. kristen welker is with the president in honolulu. good day to you, kristen. what are you hearing there? >> reporter: alex, good morning to you. white house officials say this is very much a working vacation, no word if president obama has actually spoke on the congressional leaders at this point. i can tell you that conversations are going on at the staff level. but the reality is that the hard work, the final touches probably won't be put on these bills or this bill, rather, that they're hoping to get until lawmakers, the president, return to washington. and of course that won't happen until after the christmas holiday. this has a lot of people worried, alex, because as you say there's not a lot of time left to get a deal done. president obama, house speaker john boehner, were very close to getting a deal. president obama had given a little on entitlement reform, house speaker j
tax relief. people who believe in government will remember. the people who believe in national defense and social security and medicare will remember. they will know which party is trying to destroy working democracy in order to pursue its political ends. they will know who listens to the voter, who respects the voter, and who thumbs his nose at the voter and that ladies and gentlemen of the tea party right is you. we go over this cliff and you will not have to ask for whom the bell tolls, it willing tolling for you. leading off tonight josh green and chris frats of national journal. you don't have to be as clear as i, but try, gentlemen, tonight. it looks to me like one party, guns again it's asymmetric. both parties are not screwing around, one is. is that true? >> i think both parties want to go over the cliff. >> both want to go over the cliff? who will get blamed. >> i think republicans will get blamed but i think republicans at this point fear casting a career-threatening vote to raise taxes instead of waiting four days and letting the cliff -- >> and then they can technically sa
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